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Umeme share price dip after reporting half year loss

  • Umeme shareholders' funds drops to Sh2.53B after reporting a loss in the half year ended 30 June 2025.
  • Multichoice: We have no plans to launch 4K streaming on DSTV
    MultiChoice Group has no plans to launch 4K-resolution content on its DStv Stream platform. The company’s streaming service still tops out at a 1080p resolution, also known as full HD.
    “As usage patterns evolve and appetite for higher resolutions grows, we’re well positioned to roll out 4K more broadly should the business case support the move,” Multichoice told TechCentral in a statement.
    MultiChoice South Africa CEO Byron du Plessis added: “We regularly review the feasibility of offering 4K to our customers, and should it prove commercially viable in future, we will announce this to the market.”
  • Communication Authority of Kenya raids unlicensed couriers
    Communication Authority of Kenya in collaboration with the Police raided unlicensed couriers in Eastleigh area of Nairobi. The firms found conducting parcel and courier services without a license were Al-Safa Parcel Services, Falcon Fastforward Parcel Services, Turkana Parcel Services, Ramadhan Parcel, Mandera Parcel Stores, Skyway Centre, Sharks Solutions Parcel Services and Rahma Bus Services Limited.
  • Safaricom launch time-based data bundles
    Safaricom has launched a new data package that will see customers access data based on time. This new internet offering will complement their usual MB/GB based data plans.
    “B-Live is about putting the power back in the hands of our customers. We aim to shift the conversation from data to time-based freedom, reinforcing our commitment as an enabler of Kenya’s digital lifestyle, especially among youth, creators, and hustlers, without worrying about how much data they have left. They can now focus on what they want to do online,” said Safaricom’s CEO Peter Ndegwa.
  • Stanchart Kenya half-year profits fall 21% to Sh8.3bn
    Stanchart Kenya's profit after tax dropped by 21 per cent to Sh8.1 billion for the half year period ending June 2025. This was largely driven by declining operating income which fell 15 per cent to Sh22.1 billion. Foreign exchange trading income was down 60 per cent compared the same period to last year falling from Sh4.9 billion to Sh1.99 billion.
    The company has retained interim dividends at Sh8 per share.
  • Kakuzi half year profits drop 15% to Sh295M
    Listed agricultural firm Kakuzi, saw its half year profit dip 15 per cent to Sh295.5 million due to lower operating income which dropped by 10 per cent from Sh486 million last year to Sh435 million.
    • Sales: +29% to Sh1.5B.
    • Profit after tax: -14.9% to Sh295.5M.
    • Earnings per share: -14.9% to Sh15.08.
    • No interim dividends.
  • Prime office occupancy rates up 5%
    The office market showed resilience during the first half of 2025, with prime office occupancy rates improving from 72.7 per cent at the start of the year to 77.7 per cent by June, according to a report by Knight Frank Kenya.
    The market’s demand is largely driven by activity from coworking operators and business process outsourcing (BPO) firms.
    Grade B buildings continued to struggle with pressure from new office buildings and challenging economic conditions.
    USAID funding disruption created some vacancies in properties heavily reliant on NGO tenants, though this remains a property-specific rather than market-wide issue.
  • CBK eyes Sh50bn from infrastructure bonds tap sale
    The Central Bank of Kenya has reopened a three-day tap sale of 2 infrastructure bonds it sold earlier this month, looking to raise Sh50 billion.
    Investors offered Sh323 billion in the earlier sale of the bonds with CBK turning down most of the offered funds, accepting only Sh95 billion.